Guideline Value for KAMARAJAR STEET (WARD -3)

Kamarajar Steet (Ward -3) guideline value

The current guideline value of Kamarajar Steet (Ward -3) is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kamarajar Steet (Ward -3) has changed

The guideline value for Kamarajar Steet has undergone several revisions over the years. In 2012, the guideline value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 900 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, which means Kamarajar Steet's 2024 figure is below that median.

• Kamarajar Salai (Ward -8): Rs 1,980 per sq.ft (2024)
• Kalaivanar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Kammbar Street (Ward -7): Rs 1,980 per sq.ft (2024)
• Kalaimagal Nagar, Ninnakarai (Ward -19): Rs 660 per sq.ft (2024)
• Kalaignar Karunanithi Nagar (Ward -2): Rs 660 per sq.ft (2024)
• Kannadasan 1st Street (Ward -7): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Steet (Ward -3)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Steet (Ward -3)?

The Sub Registrar Office that covers Kamarajar Steet (Ward -3) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ninna Karai

The guideline value plays a crucial role during the registration of property transactions in Ninna Karai. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to understand the guideline value as it can affect the overall cost of property transactions. This value is set by the government and is regularly revised, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value of Kamarajar Steet (Ward -3)?

The current guideline value of Kamarajar Steet (Ward -3) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the median guideline value in Ninna Karai?

The median guideline value in Ninna Karai is Rs 1,100 per sq.ft, which is higher than the current value for Kamarajar Steet.

What are the stamp duty and registration fees for Kamarajar Steet?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 9,90,000, with a stamp duty of Rs 69,300 and a registration fee of Rs 19,800, totaling Rs 89,100.

Where is the Sub Registrar Office for Kamarajar Steet located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.